If COP26 was about countries making promises to avoid catastrophic climate change, COP27 will be about raising money so developing nations can do their part.
Alok Sharma, who presided over the last United Nations climate summit hosted by the UK in Glasgow, in the past week visited Vietnam and Indonesia — two middle-income countries that have said they could strengthen their climate pledges under the Paris Agreement. Both are seeking financial packages from rich countries that will allow them to transition away from coal. As he prepares to hand over the COP presidency, Sharma isn’t taking his foot off the gas.
So far, the only other country that publicly promised to update its pledge under the Paris Agreement is Egypt. It’s expected to turn the spotlight on to African nations that make the smallest contribution to global warming, yet feel its consequences acutely. The Horn of Africa, which includes Ethiopia, Kenya and parts of Somalia, is currently experiencing its most severe drought for 40 years, that has killed more than 1.5 million livestock.
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